* SSEC -0.7%, CSI300 -0.5%, HSI -1.5%
* HK->Shanghai Connect daily quota used -2.9%, Shanghai->HK
quota used 5.1%
* FTSE China A50 -0.5%
HONG KONG, Jan 22 (Reuters) - China stocks slipped on
Friday, tracking weakness in other Asian markets, with investors
locking in gains after a recent rally driven by hopes of more
economic stimulus from incoming U.S. President Joe Biden to
temper the impact from COVID-19 pandemic.
** The CSI300 index slipped 0.5% to 5,537.05 at
the end of the morning session, while the Shanghai Composite
Index slid 0.7% to 3,595.00.
** The tech-heavy start-up board ChiNext gained 0.7%,
while the STAR50 index eased 0.9%.
** Republicans in the U.S. Congress have indicated they are
willing to work with the new president on his administration's
top priority, a $1.9 trillion fiscal stimulus plan, but some are
opposed to the plan's price tag.
** Leading gains, both CSI300 materials index
climbed 0.9% and the CSI300 transport index slid
** "Its a consolidation after recent rally and underlying
tone for both Shanghai and Hong Kong markets remain firm, and
investors are continuously having strong confidence in the
markets with support from government's policies," said Linus
Yip, chief strategist from First Shanghai Securities.
** In Hong Kong, the Hang Seng index fell 1.5% to
29,480.11, while The Hong Kong China Enterprises Index
also declined 1.5% to 11,707.24.
** Around the region, MSCI's Asia ex-Japan stock index
was firmer by 0.72% while Japan's Nikkei index
was down 0.4%.
(Reporting by Donny Kwok; Editing by Rashmi Aich)